Meta earnings, IBM to acquire HashiCorp, U.S. GDP ahead - what's moving markets
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U.S. stock futures retreat on Thursday as investors assess earnings from Meta Platforms and look ahead to a fresh U.S. economic growth reading. Meta Platforms unveils mixed first-quarter earnings and announces its acquisition of cloud software firm HashiCorp in a $6.4 billion deal. IBM reports mixed first-quarter results and announces its agreement to acquire cloud software provider HashiCorp for $6.4 billion. The U.S. economy is expected to have slowed in the opening three months of 2024, but remain resilient in the face of high interest rates and persistent inflationary pressures. Oil prices rise slightly as traders digest middling cues from U.S. inventory data and geopolitical tensions in the Middle East.

#StockMarket #MetaPlatforms #Ibm #UsGdp #OilPrices

https://www.investing.com/news/stock-market-news/meta-earnings-ibm-to-acquire-hashicorp-us-gdp-ahead--whats-moving-markets-3396669